TORONTO, Oct. 24 /CNW/ - Standard & Poor's Canadian Index Operations announces the following index changes:
- The shareholders of Alcan Inc. (TSX:AL) have accepted the $US101.00 per share offer from Rio Tinto (LSE:RIO). Alcan will be removed from the S&P/TSX Composite and Capped Composite, the S&P/TSX Equity and Capped Equity, the S&P/TSX 60, 60 Capped and Equity 60, the S&P/TSX Capped Materials and the S&P/TSX Global Mining Indices. Cott Corporation (TSX:BCB) and Celestica Inc. (TSX:CLS) will also be removed from the S&P/TSX 60, 60 Capped and Equity 60 Indices and will be placed in the S&P/TSX Completion and Equity Completion indices. Gildan Activewear Inc. (TSX:GIL), Inmet Mining Corporation (TSX:IMN) and Uranium One Inc. (TSX:UUU) will be removed from the S&P/TSX Completion and Equity Completion indices and placed in the S&P/TSX 60, 60 Capped and Equity 60 indices. These transactions will be effective after the close of Wednesday, October 31, 2007. - The shareholders of Abitibi-Consolidated Inc. (TSX:A) have approved the merger with Bowater Incorporated (NYSE:BOW) that will create AbitibiBowater Inc. Abitibi Consolidated Inc. will be removed from the S&P/TSX Composite and Capped Composite, the S&P/TSX Equity, Capped Equity and Equity Completion, the S&P/TSX Completion and the S&P/TSX Capped Materials Indices. The transaction will be effective after the close on Friday October 26, 2007.
Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.
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